Logical conclusion if devices are unpatchable and blocked/remotely killswitched
A new market in embedded proxies/firewalls (ok, technically it'll be a bridge), and an explosion in single use wireless access points (because most new devices are wireless). Take your dirty IoT device, plug its connection/wireless details into the MakeItClean proxy/firewall, and off you go.
Of course if you're a gadget freak with multiple broken devices it may need multiple firewalls/devices - which are mostly the same, just programmed a little differently to work around the foibles in the broken IoT.
Of course, quis custodiet ipsos custodes? Better make sure the firewall is bulletproof and patchable..
Should be entirely doable, and potentially a lot cheaper than replacing an IoT device.